SoftBank Group Corp Chairman and CEO Masayoshi Son. Alessandro Di Ciommo/NurPhoto via Getty Images Japanese billionaire Masayoshi Son’s SoftBank Group reported earnings for the December quarter this w...
Tag: SoftBank
What’s SoftBank Without Robots? This Time Tech Investor is Chasing Berkshire Grey
(Bloomberg) — SoftBank Group Corp. offered to buy all shares in robot maker Berkshire Grey Inc. it doesn’t already own in a $218 million deal, in a foray into logistics automation after halting ...
Masayoshi Son Now Owes SoftBank $4.7 Billion on Side Deals
(Bloomberg) — Masayoshi Son is now personally on the hook for about $4.7 billion on side deals he set up at SoftBank Group Corp. to boost his compensation, after mounting losses in the company’s...
SoftBank (SFTBY) Lost its 100 Mn USD FTX Investment
Japanese investment giant SoftBank recently reported to mark off its overall investment in FTX—zero. On November 11th, the Bahamian crypto exchange filed for bankruptcy under the Chapter 11 Bankruptcy...
Temasek, Sequoia, SoftBank take more the $600 million in FTX write-downs: Bloomberg
FTX investors including Temasek, Sequoia Capital and SoftBank are writing off hundreds of millions of dollars they poured in the now-failed exchanged, Bloomberg reported, citing people familiar. ...
SoftBank Sinks 12% After Loss and No New Buyback Program
(Bloomberg) — SoftBank Group Corp. shares plunged as much as 12% Monday in its biggest intraday drop since the outbreak of the pandemic in early 2020, after the company failed to announce a wide...
SoftBank and BlackRock among FTX investors in the dark over Binance deal
Binance’s agreement to acquire FTX.com has left some of the world’s largest investors in the dark. Beleaguered FTX CEO Sam Bankman-Fried wrote to investors on Tuesday, apologizing f...
GoTo in Talks With Alibaba, SoftBank for $1 Billion Stake Sale
(Bloomberg) — Indonesia’s largest tech company GoTo Group is in talks with its major owners for a controlled sale of roughly $1 billion of their stakes, aiming to avoid a potential stock crash w...
SoftBank Vision Fund to Cut 30% of Global Workforce
According to Bloomberg reports, the investment department of the Vision Fund under the Japanese multinational company SoftBank Group is preparing to lay off 30% of its global employees, a total of abo...
SoftBank Eyeing for Strategic Alliance between Chip Maker Arm and Samsung
The strategic partnership could help Samsung gain an edge in the non-memory chips market and close its gap with the Taiwan Semiconductor Co. On Thursday, September 22, SoftBank CEO Masayoshi Son said ...
Tech investor SoftBank considering a third startup investment fund: WSJ
Tech investor SoftBank Group is considering the creation of yet another Vision Fund despite the decidedly mixed results of the first two, according to a report from the Wall Street Journal citing peop...
Chinese Tech Titans Are Losing Their Global Backers
Ma ”Pony” Huateng, cofounder of Tencent Holdings Ltd. (Photo by Jerome Favre/Bloomberg) © 2015 Bloomberg Finance LP China’s biggest technology companies, which had generated rich returns f...
Uber Taps Nuro’s Street-Legal Robots For Food Deliveries
Uber Eats plans to start using Nuro’s autonomous delivery vehicles for deliveries in Houston and Mountain View, California. Nuro Nuro, a Softbank-backed developer of street-legal autonomous, electric ...
Legendary China Bets Unwind as Buffett, SoftBank, Naspers Sell
(Bloomberg) — For early backers, they’ve been some of the most profitable Chinese stock investments of all time: Tencent Holdings Ltd., Alibaba Group Holding Ltd. and BYD Co. Most Read from Bloo...
Credit Suisse, SoftBank Reportedly Planning Layoffs. Here Are The Major Job Cuts Amid Growing Recession Fears
Credit Suisse and SoftBank are reportedly cutting back on staff, the companies announced on Friday—becoming the latest multinational firms to announce layoffs this summer as employers fear an unstable...
Top 100 Public Company Crypto Involvement
August 24, 2022, 9:55AM EDT • 2 min read Quick Take 28 out of the top 100 publicly traded firms ranked by Forbes have at least one crypto/blockchain investment since 2021 SoftBank and Samsung have the...
The SoftBank Experiment Has Failed. Time to Go Private?
Softbank CEO Masayoshi Son on $24 billion of new losses: “I am quite embarrassed and remorseful.” Str/Jiji Press/AFP/Getty Images Text size The stock market can be a humbling place—just ask Masayoshi ...
SoftBank To Gain $34 Billion By Cutting One-Third Of Alibaba Stake
Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp. (Photo by Alessandro Di Ciommo/NurPhoto via Getty Images) NurPhoto via Getty Images Billionaire Masayoshi Son’s SoftBank Gro...
Alibaba’s Softbank Overhang Clarified As Foreigners Fret
Key News Asian equities were a sea of red on light volumes as South Asia held up slightly better than North Asia following the US equities meltdown yesterday. After the Hong Kong close, Alibaba and So...
SoftBank’s black quarter sinks the Nikkei
With great bitterness, Masayoshi Son, CEO and founder of the largest start-up and technology investment fund, announces the result of a black quarter: SoftBank loses $23.4 billion. SoftBank loses 7.5%...
SoFi Shares Fall After SoftBank Says It Will Sell All or Part of Stake
(Bloomberg) — SoftBank Group Corp. is selling at least part of its 9% stake in SoFi Technologies Inc., part of a sweeping effort at the Japanese conglomerate to reduce costs and stem losses in t...
SoftBank CEO plans widespread cost cuts as tech investments suffer, leading to a $23 billion loss
Japanese conglomerate and tech investing powerhouse SoftBank revealed on Monday that it lost $23 billion between April and June, the most significant quarterly loss in the company’s history. CEO Masay...
‘I must humbly and honestly acknowledge that things are really bad’ — SoftBank CEO on $23 billion loss.
TOKYO (AP) — Japanese technology company SoftBank Group posted a $23.4 billion loss in the April-June quarter as the value of its investments sank amid global worries about inflation and interest rate...
SoftBank Is Ready to Slash Its Massive Stake in Alibaba. Here’s Why.
Text size SoftBank’s Masayoshi Son was a major early investor in Alibaba. Koki Nagahama/Getty Images SoftBank is positioned to sharply sell down its stake in Chinese tech giant Alibaba through a...
SoftBank, GGV Lead $66M Round for Web 3 Infrastructure Firm InfStones
InfStones offers an Amazon Web Services-like node management platform and application programming interface (API) for Web 3 developers. The platform provides access to protocol consensus and proof-of-...
Global Headwinds Knock Down Collective Wealth By A Third
Tadashi Yanai Kiyoshi Ota/Bloomberg This story is part of Forbes’ coverage of Japan’s Richest 2022. See the full list here. Soaring energy and commodity prices, exacerbated by the war in Ukraine, dash...
How One Apartment Formed The Blueprint For Korea’s Top Lifestyle App
Seungjae Lee, a former chemical and electrical engineer, turned his passion for interior design into content sharing platform oHouse. Now, the startup is one of Korea’s largest lifestyle apps at a val...
SoftBank Execs’ Pay Slashed After Historic Vision Fund Loss
(Bloomberg) — SoftBank Group Corp.’s top executives saw steep cuts in their paychecks as the Japanese conglomerate marked a historic loss for its Vision Fund unit. Most Read from Bloomberg The c...
SoftBank losses $13.2 billion amid selloff
SoftBank Group Corporation (OTCMKTS: SFTBY), one of the most effective and aggressive high-tech investors in the world, claimed that it lost more cash in the previous financial year than it had ever e...